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Vast Resources announces cold commissioning of Baita Plai

An initial trial production run is due to start soon, Vast Resources said

Vast Resources PLC -

Vast Resources PLC (LON:VAST) has announced the cold commissioning of Baita Plai polymetallic mine in Romania.

Since the association licence for the mine was granted, over the last year the infrastructure required for the mine’s cold commissioning, including the electricity line, tailings pipe, mills, crushers, flotation line and equipment, has been either upgraded, refurbished or has been replaced.

The initial trial production is expected to be carried out shortly, Vast revealed.

The current cold commissioned capacity is up to 7,000 tonnes per month (tpm) and will be progressively ramped up after the arrival of the new equipment from China in January to 14,000 tpm in accordance with the project plan.

First saleable concentrate is expected from Baita Plai in the first half of next year.

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Price: 0.325 GBX

Market: AIM
Market Cap: £33.39 m

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Vast Resources team discuss cold commissioning of Baita Plai & first broker note

Vast Resources PLC's (LON:VAST) Andrew Prelea and Paul Fletcher caught up with Proactive London's Andrew Scott following the announcement of cold commissioning at the Baita Plai polymetallic mine in Romania. They also highlight the initiation of coverage by SP Angel and the potential upside...

on 16/12/19

2 min read